Bank failure · AK

Arctic Fs&la (Fairbanks, AK) — failed May 9, 1981

Arctic Fs&la of Fairbanks, Alaska was closed on May 9, 1981 and resolved through a a/a. First Fs&la (AK) took over its insured deposits. At failure it held $40.5M in assets and $34.8M in deposits. The FDIC's estimated loss on the failure is $3.8M (9.3% of assets).